Each Company shareholder as of 5 pm Eastern Time in the United States on February 24, 2012 will receive, at no charge, one Right and two Warrants for each 4 Common Shares then held by such shareholder.

Each Right will entitle its holder to purchase one Common Share at a subscription price of $1.25 per share and an over-subscription privilege at the same price per share. Record Shareholders may exercise their Rights any time after the Record Date and prior to 5 pm Eastern Time in the United States on March 30, 2012. It is anticipated that the DA would be signed by the 24th to the end of Feb, so that we would atleast have a month to purchase these Rights, the sooner the better. The company has anticipated the signing of the DA in January or February.